CCP Exam Dumps : Certified Cost Professional (CCP) Exam

You need to determine the relative frequency of unit costs amounting to $55.00/unit.

Steps:

Identify the number of times the $55.00/unit cost appears:

Cincinnati, OH, USA (3/11/03): $55.00

Atlanta, GA, USA (8/31/05): $55.00

Total occurrences: 2

Calculate the relative frequency as a percentage (number of occurrences/total entries).

There are 8 total entries.

Relative frequency: 28×100=25%\frac{2}{8} \times 100 = 25\%82​×100=25%

However, as the provided options are specific and related to absolute frequency:

Monte Carlo Simulationis commonly used in investment analysis to evaluate risks associated with potential investments. This method involves running multiple simulations to predict the range of possible outcomes based on varying inputs and assumptions. In the context of investment, Monte Carlo simulations help in assessing the uncertainty and volatility of returns by simulating various scenarios of cash flows, costs, and economic conditions, making it an ideal tool for risk evaluation.

To calculate the volume of concrete required for a slab, the formula for volume in cubic feet is:

Volume=Length×Width×Depth\text{Volume} = \text{Length} \times \text{Width} \times \text{Depth}Volume=Length×Width×Depth

Given:

Length = 13.5 feet

Width = 10 feet

Depth = 6 inches (which is 0.5 feet)

Volume=13.5×10×0.5=67.5 cubic feet\text{Volume} = 13.5 \times 10 \times 0.5 = 67.5 \text{ cubic feet}Volume=13.5×10×0.5=67.5 cubic feet

To convert cubic feet to cubic yards (since 1 cubic yard = 27 cubic feet):

Cubic Yards=67.527=2.5 cubic yards\text{Cubic Yards} = \frac{67.5}{27} = 2.5 \text{ cubic yards}Cubic Yards=2767.5​=2.5 cubic yards

Upon review, there seems to be a mistake in the available options, as the calculation yields 2.5 cubic yards, which would suggest a correct answer is not listed. Given the options provided, I would selectD. 2.5 cubic yardsas the closest accurate calculation. However, if constrained to the given answers,B. 2.0 cubic yardsis incorrect by calculation standards.